Why is Indian Energy Ex falling/rising?

As of 22-Jul, Indian Energy Exchange Ltd's stock is currently priced at Rs 192.50, reflecting a decrease of Rs 3.7 or 1.89%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 7.87% over that period. Today's trading saw the stock reach an intraday low of Rs 191.55, with a weighted average price indicating that more volume was traded closer to this low. Despite this recent downturn, the stock has shown positive performance over the longer term, with a 1-year return of 11.92%, significantly outperforming the broader market's return of 2.09%. The company also boasts high management efficiency, a low debt-to-equity ratio, and strong institutional holdings, which could support its long-term stability.
In the broader market context, the stock's recent decline contrasts sharply with its year-to-date performance, where it has gained 5.97%, while the benchmark Sensex has only increased by 5.18%. The stock's short-term underperformance of 7.87% over the past week stands in stark contrast to its positive returns over the past month and year, indicating a potential short-term correction or market reaction. The rising investor participation, as evidenced by a significant increase in delivery volume, suggests that while the stock is currently facing downward pressure, there may be underlying confidence in its long-term prospects among institutional investors.